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After Yesterday's Rally of 1.60% Shares Could Potentially Pullback

By Nick Russo

Robert Half Intl (NYSE:RHI) traded in a range yesterday that spanned from a low of $58.17 to a high of $60.59. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $58.57 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Robert Half Intl on September 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.08. Since that recommendation, shares of Robert Half Intl have risen 24.6%. We continue to monitor RHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Robert Half Intl has traded in a range of $34.34 to $60.59 and is now at $58.49, 70% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has remained constant.

Keywords: rebounders robert half intl

Ticker(s): RHI